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Economic News News 28 November 2025 - 4 December 2025

Kevin Hassett, Trump’s Expected Fed Chair, Sparks Market Alarm as Bessent Moves to Tighten White House Grip on the Federal Reserve

Kevin Hassett, Trump’s Expected Fed Chair, Sparks Market Alarm as Bessent Moves to Tighten White House Grip on the Federal Reserve

Published: December 4, 2025 WASHINGTON — Bond investors, central‑bank watchers and political operatives are all focused on the same looming decision: whether President Donald Trump will elevate his top economic adviser, Kevin Hassett, to replace Jerome Powell as chair of
Australia Stock Market Today: ASX 200 Climbs as GDP Data, Rate Bets and Bond Yields Collide – 3 December 2025

Australia Stock Market Today: ASX 200 Climbs as GDP Data, Rate Bets and Bond Yields Collide – 3 December 2025

Australia’s stock market finished slightly higher on Wednesday, 3 December 2025, as investors rode a classic “data day” rollercoaster – cheering better‑than‑feared GDP numbers, then trimming enthusiasm as bond yields and interest‑rate expectations reasserted themselves. The S&P/ASX 200 ended up 15.5 points (+0.18%)
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